Is your business experiencing high growth? Are you scaling up and producing innovative goods, services, or technologies? If this sounds like you, keep reading to learn more about the Government of Canada’s new Business Scale-Up and Productivity grant.
What is BSP?
The Business Scale-Up and Productivity (BSP) grant provides up to $5M in interest-free repayable funding for projects. This funding allows companies to invest in growth projects to improve productivity, scale for growth, and commercialize technology.
The BSP prioritizes projects in advanced manufacturing, clean resources and technology, digital industries, health and bio-sciences, natural resources value-added processing, and value-added agriculture.
Who can apply?
If you are a high-growth business experiencing at least 20% growth year over year that has been operating in Western Canada for a minimum of two years, you are eligible to apply for the BSP grant. Preference may be given to small- or medium-sized firms with less than 500 full-time employees.
How can Propel help?
Whether you are looking to improve productivity, scale for growth, or implement new technology, our expert team of consultants will help position your business for success. And lucky for you, Propel’s consulting services qualify for the BSP grant! We will work with your team to transform your operating structure, allowing you to nimbly make bold moves and take advantage of growth opportunities.
Contact Propel Solutions at [email protected] or use the form below to learn more about how you can unlock the potential of your organization and benefit from the BSP grant.